SoFi Checking and Savings
Bonus Details:
- Up to $300: either $50 or $300 signup bonus dependent on eligible direct deposit amount.
- Up to 3.80% APY: get 3.80% Annual Percentage Yield on the savings account with eligible direct deposit of any amount. The direct deposit can be to either the checking or the savings account.
- Limited time 0.20% APY Boost: Get an additional 0.20% APY for six months on top of the 3.80% rate for new accounts with direct deposit.
Bonus Requirement:
The Direct Deposit Bonus Period begins when SoFi receives an Eligible Direct Deposit of $1 or more and ends 25 calendar days later. Make direct deposits totaling $1000 or more during the Direct Deposit Bonus Period for a $50 bonus. Make direct deposits totaling $5000 or more for $300 instead.
0.20% APY boost requires that you set up a new SoFi Checking and Savings account by 6/24/2025 and enroll in SoFi Plus (i.e. receive eligible direct deposit) within 60 days. You keep the boost for as long as you maintain your SoFi Plus status, up to six months.
Monthly Fees: None
No monthly maintenance fees.
Availability: Nationwide
Household Limit: None
Account Type: Personal Bank Account
Expiration: 1/31/2026
Additional Requirements: Direct deposits must be received by the end of the promotional period (i.e., before January 31, 2026), meaning that depending on your paycheck size and schedule you may need to sign up no later than December.
Disclosure: Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.